USA: Smithfield sees higher Q2 earnings
By just-food.com | 11 November 2003
US pork producer Smithfield Foods has said it expects its fiscal second-quarter earnings to beat analysts' consensus estimate due to improved hog production results and higher beef margins. Such improvements more than offset lower fresh pork and processed meat margins, which were hit by increased raw material prices, reported Dow Jones News Service.
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US pork producer Smithfield Foods has said it expects its fiscal second-quarter earnings to beat analysts' consensus estimate due to improved hog production results and higher beef margins. Such improvements more than offset lower fresh pork and processed meat margins, which were hit by increased raw material prices, reported Dow Jones News Service.
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